Open House : Notice Regarding the Amendment of Cancellation of Treasury Shares
August 12, 2022 at 02:40 am EDT
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[Translation for Reference Purpose Only]
August 12, 2022
To All Concerned Parties
Company Name:
Open House Group Co., Ltd.
Representative:
Masaaki Arai, President and CEO
Securities code:
3288, TSE
Contact:
Kotaro Wakatabi, Senior Managing Director and CFO
Notice Regarding the Amendment of Cancellation of Treasury Shares
Open House Group Co., Ltd. (the "Company") had resolved at the Board of Directors meeting held on May 13, 2022 to cancel its treasury shares in accordance with Article 156 of the Companies Act, applied following the deemed replacement of terms pursuant to the provisions of Article 165, paragraph 3 of the same Act. However, the Company hereby announces that at the Board of Directors meeting held today, the Company has resolved to partially amend the cancellation of treasury shares, as detailed below.
1. Details and amendment of the cancellation of treasury shares
(Underlining the amendment)
Resolved on May 13, 2022
Resolved on August 12, 2022
(Before amendment)
(After amendment)
(1)
Type of shares to be cancelled
Common shares
Common shares
All shares acquired
pursuant to the resolution
(2)
Number of shares to be cancelled
approved at the Board of
5,796,800 shares
Directors meeting held on
May 13, 2022
(3)
Scheduled date of cancellation
September 30, 2022
August 31, 2022
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(References)
1. Details of the resolution approved at the Board of Directors meeting held on May 13, 2022
(1)
Type of shares to be acquired
Common shares
(2)
Total number of shares to be acquired
7,500,000 shares (maximum)
(5.94% of total number of shares outstanding)
(3)
Total amount for share acquisition
¥ 30 billion (maximum)
(4)
Acquisition period
May 16, 2022 to September 30, 2022
(5)
Acquisition method
(i) Purchases through Off-Auction Own Share
Repurchase Trading (ToSTNeT-3) of the Tokyo
Stock Exchange
Open market purchases on the Tokyo Stock Exchange
2. Total number and value of shares to be acquired pursuant to the above resolution of the Board of Directors
(1)
Total number of shares to be acquired
5,796,800 shares
(2)
Total cost of shares to be acquired
¥ 29,999,898,000
3. Details of cancellation of shares pursuant to the above resolution of the Board of Directors
(1)
Type of shares to be cancelled
Common shares
(2)
Number of shares to be cancelled
Total number of shares acquired through 1. above
(3)
Scheduled date of cancellation
September 30, 2022
4. Total number of shares after the cancellation
Total number of issued shares
120,487,900 shares
Number of treasury shares
3,485 shares*
*The shares are not included in the number of shares to be acquired pursuant to the resolution approved at the Board of Directors meeting held on May 13, 2022.
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Open House Co. Ltd. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 06:38:50 UTC.
Open House Group Co Ltd is a Japan-based company primarily engaged in the real estate related business. The Company operates through four business segments. The Detached Houses segment is engaged in the brokerage (open house), city center detached house sales (open house development), construction contract (open house architect), and quasi-city center detached house sales (Hawk One). The Profitable Real Estate Business segment is engaged in the acquisition, operation, sales of domestic profitable real estate. The Condominium Business segment is engaged in the development and sales of new condominiums. It works on compact type and family type condominiums mainly in the central areas of Tokyo, Nagoya and Fukuoka areas. The Other segments include mortgage business, financial services business, real estate market analysis and real estate sales in the United States.
OPEN HOUSE GROUP CO., LTD. 
